KOSPI Steady in Early Trading... Defends 2600 Level Amid Solo Buying by Individuals

The KOSPI index is hovering around the flat line in early trading.

[Image source=Yonhap News]

As of 9:23 a.m. on the 4th, the KOSPI index was recorded at 2602.90, up 0.43 points (0.02%) from the previous trading day. The index opened at 2604.72, up 2.25 points (0.09%), then turned downward and fell below the 2600 level, but later reversed to rise again. Individual investors were the sole net buyers with purchases worth approximately 110.9 billion KRW, while foreigners and institutions sold about 53.3 billion KRW and 54.7 billion KRW respectively.

Among the top market capitalization stocks, Kia rose the most, up 1.02%. Samsung Biologics, which announced it had signed a contract for pharmaceutical contract manufacturing worth 922.7 billion KRW with Pfizer, rose 0.81%. LG Chem and LG Energy Solution fell by 0.72% and 0.52%, respectively.

By sector, paper & wood (0.31%), distribution (0.27%), and electrical & electronics (0.25%) showed strength. Conversely, textiles & apparel (-1.04%), insurance (-0.98%), construction (-0.85%), and machinery (-0.70%) were weak.

On the 3rd (local time), the U.S. stock market closed slightly higher ahead of the Independence Day holiday. The Dow Jones Industrial Average rose 10.87 points (0.03%) to 34,418.47, the large-cap S&P 500 index gained 5.21 points (0.12%) to 4,455.59, and the tech-heavy Nasdaq index increased 28.85 points (0.21%) to 13,816.77.

At the same time, the KOSDAQ index also remained flat, trading at 890.73, up 1.44 points (0.16%) from the previous close. Individual investors bought about 189.4 billion KRW worth, while foreigners and institutions sold about 143.9 billion KRW and 46.5 billion KRW, respectively.

Among the top market capitalization stocks, Ecopro BM (4.55%), L&F (1.20%), and Ecopro (0.44%) rose. On the other hand, Pearl Abyss (-2.84%), Kakao Games (-2.11%), and HLB (-1.54%) declined.

This content was produced with the assistance of AI translation services.